17015 International Corporate Governance , 5 sp
The course analyzes how corporate governance mechanisms affect firm value and the development of capital markets. Topics covered include legal shareholder protection, ownership structures, large investors, founder- and family-owned firms, corporate governance and organizational architecture, shareholder activism, executive compensation, informed trading, governance through trading, politically connected firms, and governance in transition. Cross-country comparisons of different corporate governance systems are made.
You can evaluate how corporate governance mechanisms affect firm value.
- identify agency problems that occur in corporations;
- understand how corporate governance is related to strategy, organizational design, the firm’s environment, and shareholder value;
- analyze how various corporate governance mechanisms can reduce agency problems and consequently improve firm value;
- understand the relation between legal investor protection and forms of expropriation by insiders;
- develop strategies for improving managerial incentives through ownership and reward systems;
- identify obstacles and possibilities related to corporate governance reform.
Problem solving in an international business environment. International cases are used. International research articles are used.
Completed 20 ECTS in Finance at bachelor/master's level required (not applicable to students within the FABD specialisation's track Finance).
Final exam, lectures, exercises (term paper), contact hours, self studies
134 hours divided into
Scheduled (contact) hours: 24 h
Non-scheduled work: 110 h
First or second year of Master's studies.
Final Exam 70%
Term paper 30%
Articles and other material suggested by the instructor.
Students who have completed the earlier course International Corporate Finance (8 ECTS, course code 1742) cannot take this course.
Open university quota: 3
Quota for JOO-students: 3